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India-United Arab Emirates Bilateral Trade Analysis 2023

Complete trade statistics: $69.47B total volume •India deficit: $6.65B

India → United Arab Emirates

$31.41B

Exports (2023)

United Arab Emirates → India

$38.06B

Imports (2023)

Trade Balance

$6.65B

Deficit for India

Total Trade

$69.47B

Combined Volume

Trade Flow Visualization

Direct trade relationship between India and United Arab Emirates. Green line shows exports from India, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-United Arab Emirates commercial relationship and competitive positioning in global markets.

India → United Arab Emirates Exports

$31.41B
2023 Total

Export Market Intelligence

Product Diversity:
Highly Diversified
Market Share:
16.8% top product
1Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$5.28B
16.8% of exports
2Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$5.11B
16.3% of exports
3Telephones for cellular networks or for other wireless networks
$3.34B
10.6% of exports
4Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set
$1.75B
5.6% of exports
5Aromatic hydrocarbon mixtures: n.e.c. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees Celsius by the ISO 3405 method (equivalent to the ASTM D 86 method)
$588.23M
1.9% of exports
6Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed
$462.04M
1.5% of exports
7Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$378.26M
1.2% of exports
8Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set
$346.95M
1.1% of exports
9Cruise ships, excursion boats and similar vessels, principally designed for the transport of persons, ferry boats of all kinds
$322.66M
1.0% of exports
10Vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks
$221.15M
0.7% of exports

🎯 Strategic Export Focus

India's export portfolio to United Arab Emirates demonstrates strong diversification across multiple sectors, with jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof representing a key competitive advantage in this bilateral market.

United Arab Emirates → India Imports

$38.06B
2023 Total

Import Dependency Profile

Supply Diversity:
Well Diversified
Critical Imports:
22.0% concentration
1Oils: petroleum oils and oils obtained from bituminous minerals, crude
$8.36B
22.0% of imports
2Metals: gold, non-monetary, unwrought (but not powder)
$6.62B
17.4% of imports
3Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set
$6.47B
17.0% of imports
4Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas
$2.23B
5.9% of imports
5Petroleum gases and other gaseous hydrocarbons: liquefied, butanes
$1.79B
4.7% of imports
6Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$1.76B
4.6% of imports
7Petroleum gases and other gaseous hydrocarbons: liquefied, propane
$1.72B
4.5% of imports
8Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg
$1.18B
3.1% of imports
9Ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
$675.43M
1.8% of imports
10Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof
$572.50M
1.5% of imports

📦 Import Strategy Analysis

India's import pattern from United Arab Emirates reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

India demonstrates competitive strength in exportingjewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof to United Arab Emirates, leveraging comparative advantages.

Export Leader in 20+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $69.47B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: India-United Arab Emirates Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $69.47 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: India maintains a deficit of $6.65 billion
  • Export Focus: India's primary exports include jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, telephones for cellular networks or for other wireless networks
  • Import Dependencies: Key imports from United Arab Emirates include oils: petroleum oils and oils obtained from bituminous minerals, crude, metals: gold, non-monetary, unwrought (but not powder), diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationDiversified
Trade Balance HealthBalanced

📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $69.47B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with India leveraging its comparative advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

India's specialization in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereofcomplements United Arab Emirates's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $69.47B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationLow
Market DependencyModerate
🔮

Trade Relationship Outlook

The $69.47B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $69.47 billion bilateral trade volume represents a major economic driverfor both economies.

Economic Significance: Very High
🏭

Industrial Integration

Trade flows in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified
⚖️

Trade Balance Effects

India's trade deficit of $6.65 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils present expansion opportunities.
Market Diversification
Beyond current focus on oils: petroleum oils and oils obtained from bituminous minerals, crude, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between India and United Arab Emirates represents a total trade volume of $69.47 billion in 2023. This partnership demonstrates an unfavorable trade balance for India, with imports exceeding exportsby $6.65 billion.

Export Strengths

India's exports to United Arab Emirates total $31.41 billion, with competitive advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, representing $5.28B or16.8% of bilateral exports.

Import Dependencies

Imports from United Arab Emirates amount to $38.06 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising22.0% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates India's strategic sourcing from United Arab Emirates. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between India and United Arab Emirates in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023